Business

Vietnam has become the fifth largest supplier of coffee to the Austrian market and the largest foreign provider of coffee outside of the EU, according to data compiled by the Ministry of Industry and Trade.

Corporate bonds issuances have been on an uptrend in June, led by banking and real estate groups.

With the development of technology and Internet connectivity, remote work has become popular during the COVID-19 pandemic. Employees can work anywhere, at any time instead of being at the office for eight hours.

The rent for ground floor and first floor spaces in Hanoi and HCM City has fallen amid the ongoing Covid-19.

The Vietnamese market with a population of nearly 100 million is attracting both foreign and local food suppliers, with many local exporters turning to the domestic market to overcome this difficult COVID-19 period.

The State Bank of Vietnam (SBV) has permitted several commercial banks to increase their credit limits in the final months of 2021 to boost economic growth.

HCM City Department of Industry and Trade has called for firms to help open 1,000 shopping points after supermarket reported their warehouses were full and major wholesale markets are closed.

Vietnam has recently entered the top 20 countries globally in terms of foreign direct investment attraction after recording US$16 billion last year, as stated within the World Investment Report 2021 released by the UN Conference on Trade and Development.

The La Gan Wind Power Development Corporation, developer of the 3.5 GW La Gan Offshore Wind Power Project on Thursday signed a major offshore geological survey contract worth several USD millions with Vietsovpetro, a company part-owned by PetroVietnam.

Mobile sales have been launched in HCM City, which has remained Vietnam’s largest Covid-19 epicentre.

Vietnam exported approximately 3.03 million tonnes of rice worth US$1.65 billion during the first half of the year with the average rice export price increasing 11.7% to roughly US$544.4 per tonne, according to the General Department of Vietnam Customs.

Prices of foods and necessities at traditional markets in HCM City have sharply risen since the lockdown regulation was applied.

Though exports remain strong, several sectors face difficulties due to the COVID-19 pandemic and require support from the Government if they are to sustain the growth, experts said.

The Ministry of Industry and Trade (MoIT) and the Ministry of Finance (MoF) announced the adjustment of petrol prices to be over 850 VND higher per litre at 3pm on July 12.

National flag carrier Vietnam Airlines will resume international commercial flights linking Hanoi and HCM City to Australia and some Asian and European destinations.

The Electricity of Vietnam Generation Corporation No. 2 (EVNGenco2) inked a strategic cooperation agreement with Sembcorp Industries of Singapore on July 11 in Can Tho City to explore a strategic partnership.

Tax authorities are aiming to improve tax management of property transactions to prevent tax avoidance and increase State budget collection.

Honda Vietnam posted an 8.9-percent increase in retail sales of automobiles but a 16.9-percent drop in that of motorbikes in June, the firm announced on July 10.

Vietnam imported around 70,000 tonnes of frozen pork and poultry by-products worth USD727 million in the first six months of this year, up 51.5% on-year.